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London pre-open: Stocks seen lower; Nice terror attack in focus
Stocks in London were expected to open lower on Friday following a terror attack in Nice that has left at least 84 people dead, with travel and leisure issues likely to suffer losses.
FirstGroup says Q1 revenue lower
Transport operator FirstGroup said first quarter revenue decreased by 1. 4% in constant currency, with revenue growth in First Student, First Transit and First Rail offset by decreases in First Bus and Greyhound.
Friday newspaper round-up: European banks, VW, BP, Monsanto/Bayer
European banks could be forced to put as much as €40bn of extra capital into their UK branches as a result of the country’s decision to quit the EU, according to a report from the Boston Consulting Group. The BCG report also says Brexit will trigger an 8-22 per cent rise in annual costs for the banks’ capital markets divisions and says this may prompt lenders to withdraw from some activities. – Financial Times.
Homeserve says trading in line; sees good growth in current year
Homeserve said it was trading in line with expectations and expected to deliver “good growth” in the current year.